Fitch revises Naftogaz view to stable

Fitch Ratings said it revised NJSC Naftogaz of Ukraine's outlook to stable from positive affirmed its B long-term foreign-currency issuer default rating.

“The outlook revision follows a recent similar action on Ukraine's sovereign rating (B/stable) and the application of Fitch's government-related entities (GRE) rating criteria. Fitch equalizes Naftogaz's ratings with those of the sovereign, reflecting the company's strong links with the sovereign and our assessment of the company's stand-alone credit profile (SCP) at b-,” the agency said in a press release.

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